BGSF (NYSE:BGSF) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a research note issued on Saturday. The firm set a “buy” rating on the stock.

BGSF Trading Up 1.3 %

Shares of BGSF stock opened at $8.82 on Friday. BGSF has a twelve month low of $8.45 and a twelve month high of $11.70. The stock has a market cap of $96.40 million, a P/E ratio of -9.28 and a beta of 1.71. The stock has a 50 day moving average of $9.61 and a 200 day moving average of $9.68.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. BGSF had a negative net margin of 3.26% and a positive return on equity of 9.40%. The business had revenue of $73.57 million during the quarter, compared to the consensus estimate of $75.05 million. On average, research analysts predict that BGSF will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BGSF

A number of institutional investors and hedge funds have recently bought and sold shares of BGSF. SpiderRock Advisors LLC purchased a new stake in shares of BGSF in the first quarter valued at approximately $114,000. Bridge City Capital LLC acquired a new position in shares of BGSF during the 3rd quarter valued at about $118,000. Arete Wealth Advisors LLC purchased a new stake in shares of BGSF in the third quarter valued at about $179,000. Strata Wealth Advisors LLC purchased a new position in BGSF during the third quarter worth about $253,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in BGSF by 28.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,835 shares of the company’s stock valued at $306,000 after purchasing an additional 7,026 shares during the last quarter. 37.19% of the stock is currently owned by institutional investors and hedge funds.

About BGSF

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.